QBE sees European business GWP fall slightly
QBE Europe saw gross written premium reduced by 4% to Aus $5137m (£2421m)and gross earned premium reduced by 1% to Aus $5158m in 2007.
The combined operating ratio for European operations was 84.8% compared with 86.1% last year and the insurance profit margin was 26.0% compared with 22.3% last year.
The Lloyd's business which wrote
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